Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Lease Income for Operating Leases

The majority of lease payments we receive from our residents and tenants are fixed. We receive variable payments from our residents and commercial tenants primarily for utility reimbursements. Our total lease income, included in continuing operations, was comprised of the following amounts for all operating leases for the year ended December 31, 2020 (in thousands):

	2020			2019
Fixed lease income	$	677,060		$	722,146
Variable lease income		43,588			46,494
Straight-line rent write-off (1)		(2,850	)		—
Total lease income	$	717,798		$	768,640

We monitor the collectability of all unpaid rent amounts. The onset of COVID-19 and the anticipated economic slowdown resulted in a $2.9 million write-off of accrued straight-line rent during the year ended December 31, 2020.

Future Minimum Annual Rental Payments Receivable Under Residential and Commercial Leases

Future minimum annual rental payments we are contractually obligated to receive under commercial leases, excluding such extension options, are as follows as of December 31, 2020 (in thousands):

2021	$	13,184
2022		13,488
2023		12,584
2024		11,170
2025		9,513
Thereafter		47,476
Total	$	107,415

Minimum Annual Rental Payments Under these Operating Leases

Minimum annual rental payments under these operating leases, reconciled to the lease liability included in accrued liabilities and other in our consolidated balance sheets, are as follows (in thousands):

	Operating Lease Future Minimum Rent
2021	$	4,548
2022		4,280
2023		3,727
2024		3,749
2025		3,770
Thereafter		421,228
Total	$	441,302
Less: Discount		(385,933	)
Total lease liability	$	55,369